Geospace Technologies Secures $7.6 Million Contract for Mariner Ocean Bottom Nodes
Geospace Technologies Corporation (NASDAQ: GEOS), a leading innovator in advanced sensing and seismic data acquisition systems, has announced a significant contract with Caspian Engineering Company, a geologic-geophysical and engineering survey firm based in Kazakhstan. Under the terms of this agreement, Geospace will supply its cutting-edge Mariner™ ocean bottom wireless nodes, with the contract valued at approximately $7.6 million. The delivery is scheduled to occur during the company’s third fiscal quarter.
Rich Kelley, President and CEO of Geospace Technologies, expressed enthusiasm for the partnership: “We are pleased that Caspian Energy has chosen to partner with Geospace by selecting the Mariner, our latest slim-profile seabed data acquisition node, to meet their operational and seismic data quality needs. Wireless ocean bottom nodes have grown increasingly popular to tackle tough challenges in a wide variety of applications. We appreciate that Caspian Engineering trusts Geospace to deliver an innovative, high-quality seismic data acquisition system in an unbelievably ruggedized platform.”
Advancing Marine Seismic Data Acquisition
Geospace Technologies has long been at the forefront of seismic data acquisition, offering ocean-bottom wireless seismic node systems, permanent reservoir monitoring solutions, and a suite of marine streamer accessories. The company continuously invests in research and development to deliver industry-leading solutions that optimize operational efficiency while enhancing seismic data quality.
The Mariner™ system represents a significant leap forward in seabed seismic data acquisition technology. Designed for deployment at shallow depths of up to 750 meters, the Mariner™ is engineered for continuous recording for up to 70 days. Meanwhile, the Mariner Deep™ extends this capability to depths exceeding 3,048 meters, with continuous recording for up to 200 days. These nodes offer a cost-effective and robust solution that minimizes operational downtime, streamlines logistics, and reduces long-term maintenance costs.
Meeting the Demands of Seismic Exploration
Seismic data acquisition plays a crucial role in resource exploration, environmental monitoring, and infrastructure development. Wireless ocean bottom nodes are increasingly becoming the preferred choice for energy companies and geophysical survey firms due to their flexibility, data accuracy, and operational efficiency.
Geospace Technologies’ Mariner™ and Mariner Deep™ nodes are engineered for resilience in extreme underwater conditions. These nodes integrate cutting-edge sensor technology with ruggedized designs, ensuring durability and longevity in the most challenging marine environments. By leveraging Geospace’s expertise in marine seismic systems, Caspian Engineering will benefit from enhanced operational efficiency and superior seismic data quality.
Caspian Engineering Company: Pioneering Geologic-Geophysical Solutions
Caspian Engineering Company is a premier provider of geologic-geophysical and engineering survey services in Kazakhstan. With a strong emphasis on innovation, the company utilizes state-of-the-art equipment and methodologies to support geological exploration and mineral resource development on inland waters and offshore locations.
By integrating Geospace Technologies’ Mariner™ nodes into their operations, Caspian Engineering aims to strengthen its seismic survey capabilities, ensuring high-precision data acquisition and analysis. This partnership underscores the growing demand for cutting-edge seismic solutions in Kazakhstan’s expanding energy sector.
Geospace Technologies: A Legacy of Innovation
For over four decades, Geospace Technologies has been at the cutting edge of technology development, specializing in advanced sensing, seismic data acquisition, and ruggedized instrumentation solutions. The company’s extensive product portfolio serves industries spanning energy exploration, industrial applications, government projects, and commercial enterprises.
Geospace Technologies’ expertise extends beyond seismic systems, with additional focus areas including:
- Smart Water Management: IoT-based water utility solutions for optimizing water resource management.
- Homeland Security: Advanced surveillance and sensing technologies for national security applications.
- Industrial Solutions: High-performance monitoring and measurement systems for diverse industrial applications.
- Printing and Imaging Solutions: Streamlined electronic printing technologies catering to commercial and industrial clients.
With a team of over 450 employees worldwide, Geospace Technologies remains committed to driving innovation and delivering reliable, high-quality solutions across multiple industries. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol GEOS and is included in the Russell 2000®, Russell 3000®, and Russell Micro-cap® indexes.
Future Prospects and Industry Impact
The partnership between Geospace Technologies and Caspian Engineering marks a significant milestone in the adoption of wireless ocean bottom node technology. As global demand for high-resolution seismic data continues to rise, companies are increasingly turning to advanced wireless solutions that enhance operational flexibility and data accuracy.
By integrating Geospace’s Mariner™ nodes, Caspian Engineering is set to enhance its survey efficiency, minimize downtime, and optimize resource exploration in Kazakhstan’s offshore energy sector. This collaboration exemplifies the role of technological innovation in driving the future of seismic data acquisition.
The $7.6 million contract between Geospace Technologies and Caspian Engineering Company underscores the growing adoption of wireless seismic data acquisition solutions in offshore exploration. As industry leaders in marine seismic technology, Geospace Technologies continues to pioneer innovative solutions that redefine the capabilities of ocean-bottom node systems.
With the delivery of the Mariner™ nodes scheduled for the third fiscal quarter, both companies are poised to make a lasting impact on seismic data acquisition in Kazakhstan and beyond. This strategic partnership reinforces Geospace Technologies’ commitment to delivering advanced, ruggedized solutions that empower seismic survey companies to navigate the challenges of offshore exploration with precision and efficiency.
For more information about Geospace Technologies and its seismic data acquisition solutions, visit www.geospace.com.